Highlights from the UK Office of Budget Responsibility during the Autumn Budget Statement 22 November 2017
GDP
- 2017 1.5% vs 2.2% prior
- 2018 1.4% vs 1.6% prior
- 2019 1.3% vs 1.9% prior
- 2020 1.3% vs 1.9% prior
- 2021 1.55 vs 2.0% prior
Budget deficit
- 2019/20 1.6% of GDP vs 1.0% prior
- 2020/21 1.5% vs 0.9% prior
- 2021/22 1.35 vs 0.7% prior
PSNB (cyclically adjusted)
- 2020/21 1.3% of GDP vs 2.0% target. Prior forecast 0.9%
PSND (CA)
- 2017/18 debt to GDP to peak at 86.5% of GDP
GBPUSD has now dropped as Gilt yields drop. The forecasts look to be at the worse end of expectations.
I’ll keep subsequent comments from Hammond on the prior post.
Psychedelic chartist extraordinaire. Have your shades ready.
Philosophy: “Don’t be a Dick for a tick”
Read how Ryan got into trading here
Philosophy: “Don’t be a Dick for a tick”
Read how Ryan got into trading here
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